The Pakistani rupee (PKR) posted small losses third day in a row against the US Dollar (USD) after opening trade… Read More
Pakistan Receives Record-Breaking Workers’ Remittances in September
Remittances sent by overseas Pakistanis increased by 29 percent year-on-year (YoY) to $2.85 billion in September 2024 compared to inflows… Read More
Rupee Down 2nd Day in a Row Against US Dollar
The Pakistani rupee (PKR) posted small losses against the US Dollar (USD) after opening trade at 278 in the interbank… Read More
Dawood Lawrencepur Concludes Reon Energy Sale to Dubai-Based Company
Dawood Lawrencepur Limited (PSX: DLL) has transferred its entire shareholding in Reon Energy Limited (REL) to Juniper International FZ LLC,… Read More
Listed Banks Must Lend Rs. 3.6 Trillion to Achieve 50% Gross ADR: Report
Approximately Rs. 3.6 trillion will be required to be disbursed by listed banks to achieve the 50 percent Gross Advances… Read More
Rupee Abruptly Ends Last Week’s Momentum Against US Dollar
The Pakistani rupee (PKR) posted losses to start the new week against the US Dollar (USD) after opening trade at… Read More
Pakistani Bonds Surge Alongside PSX As Yields Drop Up to 1,000 Basis Points
Pakistan’s bond market has been rallying alongside the Pakistan Stock Exchange where equities have surged by 80 percent over the… Read More
Pakistan is A Struggling Economy With Challenging Business Environment: World Bank
The World Bank has placed Pakistan in the fourth quintile –i.e. the group of economies that grapple with a challenging… Read More
World Bank Satisfied With $400 Million Higher Education Project in Pakistan
The World Bank has rated the implementation progress of the “Higher Education Development in Pakistan project,” of around $400 million… Read More
Rupee Makes Big Leap Against Major Currencies to End Week
The Pakistani rupee (PKR) posted gains to the end the week against the US Dollar (USD) after opening trade at… Read More
Weekly Inflation Increases Due to Rising Food Prices
The Sensitive Price Index (SPI)-based inflation for the week ended on October 03, 2024, increased by 0.44 percent mainly due… Read More
Urea Sales Plummet 35% in September 2024
The urea offtake in the country declined by 35 percent on a year-on-year (YoY) basis to 365k tons in September… Read More
